Railway Reform: Its Importance and Practicability Considered as Affecting the Nation, the Shareholders, and the Government (Classic Re: Its Importance ... and the Government (Classic Reprint) - Softcover

Inhaltsangabe

Excerpt from Railway Reform: Its Importance and Practicability Considered as Affecting the Nation, the Shareholders, and the Government

IN 1844 an Act of Parliament was passed for the purpose of enabling Government to purchase on certain specified terms all railways in the United Kingdom that from that time forward should be constructed.

To protect, however, the interests of the shareholders, and give ample time to the nation and the Legislature to have full experience of the management of our railways by companies, it was enacted, that twenty-one years should elapse before our present system should become subject to any change, or the rights of proprietorship or management of the directors be in any way interfered with. It will, therefore, be seen that in 1865 this Act comes into operation, and five-stubs of the existing railway mileage will eventually become subject to its provisions.

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